NFTY vs. CERY
NFTY (First Trust India NIFTY 50 Equal Weight ETF) and CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) are both exchange-traded funds - NFTY is a Asia Pacific Equities fund tracking the NIFTY 50 Equal Weight Index, while CERY is a Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index. Both are passively managed. Over the past year, NFTY returned -4.69% vs 26.17% for CERY. At a correlation of -0.04, they often move in opposite directions. NFTY charges 0.80%/yr vs 0.28%/yr for CERY.
Performance
NFTY vs. CERY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NFTY achieves a -6.07% return, which is significantly lower than CERY's 19.54% return.
NFTY
- 1D
- 0.94%
- 1M
- 2.35%
- YTD
- -6.07%
- 6M
- -6.17%
- 1Y
- -4.69%
- 3Y*
- 6.77%
- 5Y*
- 6.14%
- 10Y*
- 8.50%
CERY
- 1D
- -0.67%
- 1M
- -8.39%
- YTD
- 19.54%
- 6M
- 18.91%
- 1Y
- 26.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFTY vs. CERY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NFTY First Trust India NIFTY 50 Equal Weight ETF | -6.07% | 5.47% | -10.45% |
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 19.54% | 15.68% | 3.80% |
Correlation
The correlation between NFTY and CERY is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | -0.04 |
The correlation between NFTY and CERY shifts across timeframes, from -0.17 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NFTY vs. CERY — Risk / Return Rank
NFTY
CERY
NFTY vs. CERY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust India NIFTY 50 Equal Weight ETF (NFTY) and SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NFTY | CERY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.29 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.31 | -2.60 |
| Martin ratioReturn relative to average drawdown | -0.72 | 9.93 | -10.65 |
Loading charts...
Drawdowns
NFTY vs. CERY - Drawdown Comparison
The maximum NFTY drawdown since its inception was -47.67%, which is greater than CERY's maximum drawdown of -11.37%. Use the drawdown chart below to compare losses from any high point for NFTY and CERY.
Loading charts...
Drawdown Indicators
| NFTY | CERY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.67% | -11.37% | -36.30% |
Max Drawdown (1Y)Largest decline over 1 year | -16.14% | -11.37% | -4.77% |
Max Drawdown (3Y)Largest decline over 3 years | -21.55% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.67% | — | — |
Current DrawdownCurrent decline from peak | -14.13% | -11.37% | -2.76% |
Average DrawdownAverage peak-to-trough decline | -9.60% | -2.27% | -7.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.53% | 2.83% | +3.70% |
Volatility
NFTY vs. CERY - Volatility Comparison
First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a higher volatility of 3.99% compared to SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) at 3.57%. This indicates that NFTY's price experiences larger fluctuations and is considered to be riskier than CERY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NFTY | CERY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 3.57% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.70% | 13.57% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.73% | 15.63% | -0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 14.73% | +2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 14.73% | +5.98% |
NFTY vs. CERY - Expense Ratio Comparison
NFTY has a 0.80% expense ratio, which is higher than CERY's 0.28% expense ratio.
Dividends
NFTY vs. CERY - Dividend Comparison
NFTY's dividend yield for the trailing twelve months is around 1.88%, less than CERY's 4.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 4.18% | 4.99% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.88% | 1.24% | 1.61% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.39% |
Frequently Asked Questions
NFTY and CERY have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFTY has higher volatility (3.99%) compared to CERY (3.57%). In terms of maximum drawdown, NFTY dropped -47.67% vs CERY's -11.37%.
On 1-year performance, CERY leads with 26.17% vs -4.69% for NFTY. On fees, CERY is cheaper at 0.28% per year. On volatility, CERY has been the lower-risk option at 3.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CERY has performed better with a 26.17% return vs -4.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CERY is cheaper with a 0.28% expense ratio, compared with 0.80% for NFTY.
CERY has the higher dividend yield at 4.18%, compared with 1.88% for NFTY.
NFTY is categorized as Asia Pacific Equities, while CERY is Commodities. NFTY tracks NIFTY 50 Equal Weight Index, while CERY tracks Bloomberg Enhanced Roll Yield Total Return Index. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.80% for NFTY and 0.28% for CERY.
CERY currently has the higher Sharpe Ratio (1.68 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for NFTY and CERY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer